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Swedish Biopolymer Startup Receives Funding
6 years, 2 months ago Posted in: Industry News 0

Biopolymer Products: Receives SEK 1.5 million in funding

SOURCE: CleanIndex.net

The Swedish start-up and developer of mussel protein-based anti-corrosion treatment, Biopolymer Products of Sweden, has received SEK 1.5 million (Euro 150,000) in funding from Vinnova.

Biopolymer Products is developing an environmentally friendly corrosion prevention primer based on Mussel Adhesive Protein (MAP), and has patented a production method of MAP. The protein based adhesive has an unusual ability to replace water from a surface which results in the ability to adhere to surfaces as well as to cure in a wet environment.

About Biopolymer Products of Sweden

Biopolymer Products of Sweden AB was founded in 1999 and has since then been developing products based on a protein from the blue mussel (MAP = Mussel Adhesive Protein). The product development has so far mainly been focused on medical applications and has led to several patents.

In 2007 the company entered into a license purchase agreement for medical applications. The license agreement includes medical applications only i.e. production and marketing of MAP based biological glue for medical purposes only.

Our current objectives are to continue the development of non-medical applications trough our subsidiary Biopolymer Technology of Sweden AB.

About Vinnova

VINNOVA, Swedish Governmental Agency for Innovation Systems, is Sweden’s innovation agency. Our aim is to increase the competitiveness of Swedish researchers and companies.

Our task is to promote sustainable growth in Sweden by funding needs-driven research and the development of effective innovation systems. To this end, we have 220 million euro to invest in new and ongoing projects each year. VINNOVA generally requires co-financing of all projects, which doubles the annual investments to around 440 million euro.

An important part of VINNOVA’s activities consists of increasing the cooperation between companies, universities, research institutes and other organisations in the Swedish innovation system. We do this in a number of ways, including long-term investment in strong research and innovation milieus, investment in projects to increase commercialisation of research results and by creating catalytic meeting places in the form of conferences and seminars.

VINNOVA is a Swedish government agency under the Ministry of Enterprise, Energy and Communications and the national contact agency for the EU Framework Programme for R&D. Some 200 people work at VINNOVA’s offices in Stockholm and Brussels. VINNOVA was established in January 2001.

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